Real estate blog entries tagged with ira loans by Ken Cook, Web Dev, Brand Strategist 678-439-8683

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Home : Blogs : Ken "Yes You Can" Cook : Superior, HandCrafted Web Apps : Tag "ira loans"

ira loans: Can an IRA borrow money to buy real estate? - 01/01/09 03:48 PM

Right now Fannie Mae still suffers tremendously in many ways from cranial-rectal inversion. Perhaps the worst result of this condition is the hamstringing of worthy real estate investors from having more than four properties on credit. But there are alternatives. Agents I can help you add sales to your month with this program and will help you market it. Call me directly at 866-946-0120 ext 101 nationwide.
One of the alternatives we at Novation have offered for many years is the IRA loan for real estate investors. This allows an investor with an IRA to tap the strength of their IRA … (8 comments)

ira loans: Fannie Mae Rate Changes for Investment Loans - 12/30/08 03:40 PM

Investors were spoiled and so were agents and loan officers during the peak of the boom. Sure I remember 100% investor financing at 7% - it's gone! When I first entered the business if you did not have at least 20% down and a debt-to-income ratio of 43% or less you were not even getting an investor loan at all at any rate. Additionally the interest rates were about 12% for investors.
Today you can purchase a residential real estate investment property with 20% down and fair credit. The rates really are not bad compared to most every other time in … (1 comments)

ira loans: How can an IRA borrow money to buy investment homes? - 12/30/08 02:42 PM

The most important step is to make sure the IRA holder and no linear relatives benefit in any way from the disbursement of funds or proceeds of the loan. Once that little fact is handled it works fairly simply. The IRA custodian (no, Bank of America will not do this for you nor will Fidelity because they really don't offer true self-directed IRA accounts) will put your funds into an LLC created so that you have checkbook control. The IRA's LLC can then borrow up to about 70% of the purchase price and there needs to be 10% reserves left in … (3 comments)

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Ken "Yes You Can" Cook

Marietta, GA

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Ken Cook, Web Dev, Brand Strategist 678-439-8683

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